RE:RE:RE:RE:RE:RE:RE:Thoughts on interviewThere are so many unknowns at the moment I really do not want to speculate. What I was told is that were approached by some lenders to do a purchase plan. Maybe the 2M is a 2nd tranche. Or maybe the lenders started playing their games and Tinley walked away - I really do not known the full story. We will probably find out Monday or Tuesday, hopefully, as they announce the closing of the PP, and hopefully some clarity on the business side of things with a Tinley style corporate update. Personally, I would rather a smaller raise now as there are some catalysts in the fall that actually might gain enough traction to help the cannabis sector have access to banks and thus move the share price. Again, personally, I do not see value with companies raising huge money at the cost of low share price dilution.
kingbear wrote: Well said. Raising 2M is a concern bc that is only one Q of cash. What happens if they can't close a big deal or increase the SP in a quarter? How will the company last? Assuming they close a few of the deals they've been promising for years we are still looking at another raise probably this fall. The share count will start to add up quick. This investment has turned into a straight up 50/50 gamble.
MadJack1 wrote: To be honest, it wouldn't surprise me to see them not be able to raise that amount of money. Given the lacklustre promotion of the company to the investment community. That most recent interview would count in the lacklustre category. While they have achieved some notable milestones, they have never shown the market they can make money and by money I might millions in revenue. People may be hesitant to show support for a company that has yet to get to this point. It also doesn't serve them well that that can't meet self imposed deadlines to save their lives. One of the most important aspects of management is building trust and while we as investors are currently 'trusting management' a new investor who has done some DD may not be overly optmistic on Tinley based on its past and current performance.
Safe to assume that people participing in the PP would not have 'inside' information about any of our expected news (co-pack, CDN partner, full commissioning, Expansion into Nevada, celebrity endorsements) so they are playing on the same field as us and that is radio silence for the past 4 weeks with an uptick in instagram posts that an extremely small percentage of mankind will ever lay eyes on.
Maybe it's just me but that doesn't lend itself well when you are asking the market for money. I figured they would dangle a carrot first to entice people into the PP and that doesn't appear to have happened but I can't validate that for sure.
I only know that each day with nothing to digest information wise, gets more painful, especially knowing a mid-july timeframe was the last bone we were thrown and that is 3 weeks removed.
Have to admit, I have continued to add to my position but the longer this drags on, the more interest I lose here. Closing in on 4 years of holding some type of position in Tinley, waiting to see true progress.
MJ1